Chapter 1: Introduction -- Part I: Alternative Lending and How to Regulate -- Chapter 2: Towards an EU market-based financial system: The emergence of Credit Alternative Investment Funds -- Chapter 3: The need for regulation: Innovation and Market Failure -- Part II: AIF-Lending and Bank Lending...

In Hungary in the pre-crisis period the bank sector initiated private credit boom significantly contributed to the accumulation of economic imbalances. Nevertheless, before the 2008 crisis no special regulatory measure was taken to mitigate the FX lending to unhedged borrowers, which was one of...

The main objective of our article is to analyze the financial stability of Romanian country, to highlight whether the envisaged period of our analysis (2009-2012) is or not a period of financial stability. The analysis reveals both, elements with good evolution, and vulnerabilities of the...